Friday daily sheep summary

29 July 2016

At Wagga, lamb throughput increased 4% this week, to 27,800 head. Quality across trade and heavy weight categories was good, however lighter sections were much plainer as a result of an increase in new season supply. Not all export buyers operated fully, while major domestic processors bid keenly on those in good finish.

Mutton numbers declined 25%, to 5,280 head. A mixed quality offering was yarded this week, with all weights and grades represented.

  • Light weight 2 score lambs to slaughter  averaged 617¢, up 24¢/kg cwt
  • Trade weight 3 score lambs to processors were up 65¢, at 685¢/kg cwt
  • Heavy weight 4 score lambs gained 22¢, averaging 665¢/kg cwt
  • Extra heavy 4 score lambs averaged 23¢ higher, at 649¢/kg cwt
  • Medium weight 2 score Merino ewes were back 5¢, averaging 347¢/kg cwt

At the close of Thursday’s markets:

  • The eastern states restocker lamb indicator averaged 611¢, up 66¢/kg cwt from where it finished the previous day
  • Merino lambs were up 1¢, on 559¢/kg cwt
  • Light lambs were up 5¢, to 565¢/kg cwt
  • Trade lambs were up 12¢, on 635¢/kg cwt
  • Heavy lambs were up 7¢, to 639¢/kg cwt
  • The mutton indicator gained 2¢, on 387¢/kg cwt

For the full list of sheep market reports, please click here                                                 

Note: All yardings and prices referenced are from MLA reported saleyards.

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